Quang Ngai Duong’s net worth has surpassed 7,300 billion VND by the end of March, a 13% increase compared to the beginning of the year. The company’s financial report revealed that it had deposited 6,760 billion VND in the bank for a term of 3-12 months, an increase of 10% from the start of the year. Additionally, shorter-term deposits of 503 billion VND were also made.
Apart from the Vietnamese dong, QNS had more than 957,000 USD deposited in the bank, double the amount from the beginning of the year. The foreign currency amount was valued at over 24 billion VND according to Vietcombank’s exchange rate. The owner of Vinasoy soy milk, Duong Quang Ngai, also held 4 tael of gold bars and one tael of SJC gold ring, initially purchased in 2023. The current value of the gold was almost 40.5 million VND. The company also had over 15.6 billion VND in cash in the fund, a decrease of 11% since the start of the year.
In total, QNS had more than 7,300 billion VND in cash and equivalents, accounting for 54% of total assets which stood at over 13,577 billion VND by
